What Is Meant by a Trade De?cit

Multiple Choice

What is meant by a trade de?cit?

A) Trade de?cit is the difference between producer surplus and consumer surplus.
B) Trade de?cit is the difference between the price paid for a good and the cost of making it.
C) Trade de?cit is the difference between exported and imported goods and services.
D) Trade de?cit is the difference between the government's revenues and expenditures.